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NewLaw

Sprintlaw completes $1.2m cap raise

NewLaw firm Sprintlaw has secured over $1 million in its first equity capital raise.

December 27, 2019 • By Jerome Doraisamy
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Sprintlaw completes $1.2m cap raise
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Funding for the cap raise came from a collection of strategic angel investors, the firm said in a statement, and will be used to support its growth and development of proprietary tech solutions for the legal industry.

 
 

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The news follows Lawyers Weekly’s coverage of the firm’s new in-house solution, Sprintlaw Counsel, which at the time the firm said is “designed to provide a cost-effective solution for in-house legal teams, law firms and corporate businesses for ‘business as usual’ legal work such as contract reviews, contract drafting and corporate advice”.

Following this funding round, Sprintlaw will continue its growth and expand its tech development, it said.

Firm co-founder Alex Solo said: “We’re excited to welcome our new investors on board as we enter our next phase of growth.”

“The funding will enable us to build on our success so far by investing in developing more innovative legal tech, improving our service offering and growing our client base.”

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Jerome Doraisamy

Jerome Doraisamy

Author

Jerome Doraisamy is the managing editor of professional services (including Lawyers Weekly, HR Leader, Accountants Daily, and Accounting Times). He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.

You can email Jerome at: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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